AIB — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• Effective June 25, 2026, the Company changed its corporate name from BlockchAIn Digital Infrastructure, Inc. to AIB Data Centers Inc.

• All dollar amounts referred to in this discussion and analysis are expressed in United States dollars, except where otherwise indicated. References in this section to “we,” “our,” “us,” “AIB,” and the “Company” generally refer to AIB Data Centers Inc. and its consolidated subsidiaries, which include…

• AIB is a power-first developer and operator of purpose-built data center infrastructure for artificial intelligence (“AI”) and high-performance computing (“HPC”) workloads. The Company’s strategic focus is the development, construction and operation of AI/HPC data center campuses supported by long-t…

• The Company currently generates substantially all of its revenue from bitcoin hosting arrangements at the current site. The Company expects its future revenue to be generated primarily from long-term AI/HPC hosting and colocation contracts at the CLT-01 Campus and at additional greenfield AI/HPC dev…

• The Company has undergone a significant strategic and operational transformation over the past twelve months, evolving from a legacy bitcoin mining hosting business into a developer and operator of purpose-built AI/HPC data center infrastructure. Key steps in this transformation include (i) the comp…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• All dollar amounts referred to in this discussion and analysis are expressed in United States dollars, except where otherwise indicated. References in this section to “we,” “our,” “us,” “BlockchAIn,” and the “Company” generally refer to BlockchAIn Digital Infrastructure, Inc. and its consolidated su…

• BlockchAIn is engaged in data center operations, digital asset infrastructure services and providing hosting services for digital asset mining operators. The Company primarily operates a 40 megawatt (“MW”) data center facility in Spartanburg County, South Carolina, providing power infrastructure, ho…

• The Company’s core operations include hosting services and the leasing of space, power capacity and equipment within its data center facility to customers requiring computing power.

• The global data center industry has experienced sustained growth over the past decade as enterprises increasingly rely on digital infrastructure to support cloud computing, data-intensive applications, and the continued growth of internet traffic. Organizations are generating and processing signific…

• A growing number of organizations are transitioning toward outsourcing their data center requirements to third-party providers in order to reduce capital expenditures, increase operational flexibility, and gain access to specialized infrastructure and connectivity ecosystems. Carrier-neutral multi-t…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• During the period, and following the completion of the Business Combination in March 2026, the Company:

• ●Implemented Procore, a project and construction cost-management system, to standardize the capture, approval, and documentation of project and capital-expenditure activity and to establish a consistent audit trail;

• ●Drafted and implemented a formal procurement policy governing the authorization, approval, and documentation of purchasing activity;

• ●Drafted and implemented a formal capital-expenditure policy establishing authorization thresholds, approval requirements, and supporting-documentation standards;

• ●Hired a Vice President, Finance–Operations to oversee operational finance and support the design and operation of financial reporting controls; and

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• During the most recently completed fiscal quarter, there has been no change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.